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Cap Ones no hassle card gets grief!


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Credit Card Getting Grief Over 'No Hassle' Card

"Minnesota's attorney general said Capital One's "No Hassle" credit card amounts to consumer fraud.

Mike Hatch is suing the company over ads that promote a fixed interest rate of 4.99 percent for the card.

But Hatch said customers who miss a payment deadline or exceed their credit limit can end up paying an interest rate as high as 27 percent. He said the ads are designed to get people to believe the rate is fixed and won't change.

A Capital One spokeswoman said the company has cooperated fully and believes it is in full compliance of the law. The Minnesota lawsuit seeks an unspecified amount of damages and changes to Capital One's TV campaign."


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